Chinese Slowing GDP Growth

Chinese Slowing GDP Growth

In its latest quarterly report, China posted its slowest GDP growth figure in the last 27 years. Growth came in at 6.2% which is quite strong compared to other global economies, but a significant slowdown from the growth experienced in recent years. The slowdown is a clear sign that trade tensions with the U.S. are beginning to weigh on the Chinese economy. The Chinese government has been quick to try and counteract the negative trade impact, by cutting taxes and enacting pro-growth policies. However, it appears for now that those measures are coming up short. Chinese growth is very important to watch due to the tremendous impact it has on the global economy. A sharper slowdown would almost certainly spillover to other economies. We are keeping a close eye on the Chinese economy as well as developments from the U.S.-China trade dispute, as a resolution on trade has the potential to alleviate a good portion of Chinese growth concerns.